LONG #WIF USDT from $2.548 stop loss $2.2155
1h TF. The downward trend is confirmed by a series of (BOS) and (CHoCH) down. The price is testing support at 2.53, where the decline has slowed and buyer activity is emerging, indicating possible accumulation of positions and a reversal.
Support: 2.53 – key demand zone.
Resistance: 2.58 – first BOS upwards. 2.68 – Fair Value Gap (FVG) zone and order block. 2.90 – supply and liquidity area.
Volumes: Increased volumes at support 2.50 confirm buyer interest.
Market structure: Slowing of the decline and a double bottom increase the likelihood of a reversal, and a breakout above 2.58 will confirm BOS and the beginning of corrective growth. Targets (TP): TP1: 2.71 – FVG. TP2: 3.12 – order block. TP3: 4.04 – supply zone.
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